Pinnacle West Capital Corp Working Capital to Net Assets Ratio
Pinnacle West Capital Corp working capital to net assets ratio. Pinnacle West Capital Corp (PNW) has a Working Capital to Net Assets ratio of -13.4% as of September 2025. Working capital of $-964.82 Million (current assets of $2.00 Billion minus current liabilities of $2.97 Billion) is measured against net assets of $7.21 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Pinnacle West Capital Corp (1994–2024)
Working capital to net assets ratio of Pinnacle West Capital Corp from 1994 to 2024. This chart shows how Pinnacle West Capital Corp's Working Capital to Net Assets ratio has evolved across 31 annual periods from 1994 to 2024. As of September 2025, the ratio stands at -13.4%, reflecting working capital of $-964.82 Million against net assets of $7.21 Billion USD. Explore how much of Pinnacle West Capital Corp's assets are long-term investments to see how much of total assets are deployed in long-term investments.
Pinnacle West Capital Corp Working Capital to Net Assets Ratio by Year (1994–2024)
Pinnacle West Capital Corp working capital to net assets ratio by year from 1994 to 2024. The table below presents the year-by-year Working Capital to Net Assets ratio for Pinnacle West Capital Corp from 1994 to 2024, covering 31 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see total assets of Pinnacle West Capital Corp.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -16.8% | $-1.15 Billion | $6.86 Billion | $1.69 Billion | $2.84 Billion | ▼ -1.5 pp |
| 2023 | -15.3% | $-962.38 Million | $6.28 Billion | $1.93 Billion | $2.89 Billion | ▼ -15.1 pp |
| 2022 | -0.2% | $-11.59 Million | $6.16 Billion | $1.75 Billion | $1.76 Billion | ▲ +3.2 pp |
| 2021 | -3.4% | $-205.77 Million | $6.02 Billion | $1.55 Billion | $1.76 Billion | ▼ -0.6 pp |
| 2020 | -2.8% | $-162.11 Million | $5.75 Billion | $1.20 Billion | $1.36 Billion | ▲ +16.1 pp |
| 2019 | -18.9% | $-1.05 Billion | $5.55 Billion | $1.03 Billion | $2.08 Billion | ▼ -5.3 pp |
| 2018 | -13.5% | $-723.97 Million | $5.35 Billion | $924.99 Million | $1.65 Billion | ▼ -10.0 pp |
| 2017 | -3.5% | $-181.56 Million | $5.14 Billion | $1.02 Billion | $1.20 Billion | ▲ +6.0 pp |
| 2016 | -9.5% | $-470.73 Million | $4.94 Billion | $822.22 Million | $1.29 Billion | ▲ +2.2 pp |
| 2015 | -11.7% | $-551.80 Million | $4.72 Billion | $890.52 Million | $1.44 Billion | ▲ +1.3 pp |
| 2014 | -13.0% | $-585.71 Million | $4.52 Billion | $973.43 Million | $1.56 Billion | ▲ +0.3 pp |
| 2013 | -13.2% | $-575.03 Million | $4.34 Billion | $1.04 Billion | $1.62 Billion | ▼ -11.4 pp |
| 2012 | -1.9% | $-77.82 Million | $4.10 Billion | $1.01 Billion | $1.08 Billion | ▲ +7.9 pp |
| 2011 | -9.8% | $-386.24 Million | $3.93 Billion | $956.47 Million | $1.34 Billion | ▲ +0.2 pp |
| 2010 | -10.0% | $-378.81 Million | $3.78 Billion | $931.93 Million | $1.31 Billion | ▼ -5.4 pp |
| 2009 | -4.6% | $-154.42 Million | $3.35 Billion | $928.74 Million | $1.08 Billion | ▲ +13.5 pp |
| 2008 | -18.1% | $-623.45 Million | $3.45 Billion | $882.48 Million | $1.51 Billion | ▼ -5.7 pp |
| 2007 | -12.4% | $-437.52 Million | $3.53 Billion | $947.45 Million | $1.38 Billion | ▼ -12.9 pp |
| 2006 | 0.5% | $16.10 Million | $3.45 Billion | $1.47 Billion | $1.46 Billion | ▲ +11.6 pp |
| 2005 | -11.1% | $-380.68 Million | $3.42 Billion | $1.89 Billion | $2.27 Billion | ▲ +5.5 pp |
| 2004 | -16.6% | $-488.77 Million | $2.95 Billion | $1.14 Billion | $1.63 Billion | ▼ -10.1 pp |
| 2003 | -6.4% | $-181.93 Million | $2.83 Billion | $969.05 Million | $1.15 Billion | ▲ +2.6 pp |
| 2002 | -9.0% | $-242.43 Million | $2.69 Billion | $812.69 Million | $1.06 Billion | ▲ +5.5 pp |
| 2001 | -14.5% | $-363.52 Million | $2.50 Billion | $727.40 Million | $1.09 Billion | ▲ +2.1 pp |
| 2000 | -16.7% | $-397.38 Million | $2.38 Billion | $793.91 Million | $1.19 Billion | ▼ -16.8 pp |
| 1999 | 0.1% | $3.30 Million | $2.21 Billion | $498.80 Million | $495.50 Million | ▲ +8.3 pp |
| 1998 | -8.1% | $-183.40 Million | $2.26 Billion | $456.80 Million | $640.20 Million | ▼ -4.7 pp |
| 1997 | -3.4% | $-74.60 Million | $2.20 Billion | $449.10 Million | $523.70 Million | ▲ +1.2 pp |
| 1996 | -4.6% | $-100.30 Million | $2.19 Billion | $450.30 Million | $550.60 Million | ▼ -1.1 pp |
| 1995 | -3.4% | $-74.00 Million | $2.15 Billion | $430.50 Million | $504.50 Million | ▲ +1.3 pp |
| 1994 | -4.7% | $-96.50 Million | $2.04 Billion | $435.60 Million | $532.10 Million | — |